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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Gold who wrote (19113)	9/23/1999 12:53:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

Spent some time listening to the AGM that was held for Barrick last May. Link is barrick.com Click on webcast. Some interesting comments about their Pascua property-they believe that it is the world's greatest undeveloped gold property-looks of room for expanation into nearby breccia zones.... After listening to the AGM-it seems unthinkable that Barrick won't make a play for Lipangue/Lobo. Its in their corporate nature. They simply can't allow world class gold properties to slip by... They outlined what they are looking for in acquistions: The property must: 1)Contain Gold! 2)Be located in a country with a stable government and good political climate for mining. 3)The ore must be high grade/low cost to produce 4)Most have enormous potential to be expanded 5)Must be the potential to generate substational earnings/cash flow for Barrick I think Lipangue/Lobo fits the bill! The question is-when will Barrick/or others make their move? First problem is the NDA's. Nothing is going to happen until they are dropped. When they are dropped after some sort of JV with a Major/Fund is annouced-will a Major have enough information to seek a take-over? Will they wait until we receive results from the next drill program to make their more or is their enough information to take out Medinah now? The longer they wait-the more they will have to pay.....Cheers.